COA - Coats Group plc (formerly GPG - Guinness Peat Group Plc)

[artemis]

Hmmmm, there are only small lots up for sale under .60 now and quite a lot of bids. Somebody sees a buying opportunity.

Once the NZ shares drop away why wouldn't the UK price steady, and rise if good news? It's a long time until the NZX delist so might well be worth a punt.

[whatsup]

Does anyone follow Coats(formally GPG ) into the U K since the shift over there they have doubled and now circa .60 p, why they couldn't achieve that while here bears me , another Brierley stuff up .

[777]

Does anyone follow Coats(formally GPG ) into the U K since the shift over there they have doubled and now circa .60 p, why they couldn't achieve that while here bears me , another Brierley stuff up .

It is the market that decides the price not the company.

[mikeybycrikey]

Does anyone follow Coats(formally GPG ) into the U K since the shift over there they have doubled and now circa .60 p, why they couldn't achieve that while here bears me , another Brierley stuff up .

I haven't followed this for a while but it was basically a pension scheme deficit with a company attached to it. I'm guessing there was some change in their pension situation since the company itself was mostly profitable.

I held for a while waiting for a jump if interest rates were to ever rise from near 0%. I gave up waiting but am not surprised there has been a jump and I'm pretty sure it's unrelated to delisting here.

[GTM 3442]

Does anyone follow Coats(formally GPG ) into the U K since the shift over there they have doubled and now circa .60 p, why they couldn't achieve that while here bears me , another Brierley stuff up .

When was the "jump", and how might it relate to the Brexit-devalued pound?

[Scrunch]

When was the "jump", and how might it relate to the Brexit-devalued pound?

Several features including removal of the nz sell pre delist presure, profit upgrades and making progress on the pension liability issues. The highs expectations had a sell down when the profit result with a small div came out.

[PLYNCH]

Share price up to 85p.($1.56 NZ).Happy long suffering holder.

[share4eva]

Share price now 90p ($1.71 NZ) Happy long suffering holder

[Balance]

Share price now 90p ($1.71 NZ) Happy long suffering holder

Absolutely no thanks to that has-been big time double loser Ron Brierley.

[share4eva]

Absolutely no thanks to that has-been twice big time loser Ron Brierley.

Feel sorry for those that sold out when the shares transferred from NZX to London Stock Exchange. I think it was only trading at about 55 cents. If people had held on that would be 3 x by now.

[whatsup]

Feel sorry for those that sold out when the shares transferred from NZX to London Stock Exchange. I think it was only trading at about 55 cents. If people had held on that would be 3 x by now.

I sold out @ .55 and put the money left into ATM @ 1.51 N Z !!!

[Balance]

I sold out @ .55 and put the money left into ATM @ 1.51 N Z !!!

You, Sir, are a champion!

Meanwhile, Ron Brierley continues to play with his .....

[blackcap]

When was the "jump", and how might it relate to the Brexit-devalued pound?

Why does everyone think the pound has devalued because of Brexit? That is such a commonly held fallacy.

On the 23rd June when the Brexit vote was held 1 NZD was worth .487 pounds.

Currently it is worth about .5235. Yes it has devalued but not outside the margins of normal trading.

Versus the USD it was 1.38 and now 1.30. Again not that much of a movement when normal currency movements are concerned.

More interestingly if you look at a 10 year chart of GBP versus Euro, well colour me blind it is exactly the same price it was 10 years ago. Currencies will go where they go and Brexit did have the initial downward movement but since then it has been very stable if not strengthening.
So if Coats appreciated because of Brexit and the devaluation of the Pound, it should have happened in June 2016.

[Balance]

Seems the old warhorse can't just get the message and retire quietly but needs to have one final (?) tilt at the windmill!

(Apologies for the mixed metaphors there but you probably get my drift.)

It looks like a cheap ride for a man of RB's wealth but I think I'll leave him to it.

Obviously been too preoccupied with other things in GPG’s dying days to keep an eye on how GPG was becoming a plaything and source of unlimited fees for his fat cats.

https://www.nzherald.co.nz/business/...ectid=12294884

The final fall from grace for this once feared and respected corporate raider.